On 8 October 2021, Land Securities Group have paid a first interim dividend in respect of the current financial year of 7.0p per ordinary share, wholly as a Property Income Distribution (PID), representing £52m in total (2020: £nil).
The Board has declared a second interim dividend of 8.5p per ordinary share to be payable wholly as a PID (2020: 12.0p which represented a dividend for the first two quarters of the financial year to 31 March 2021) on 4 January 2022 to shareholders registered at the close of business on 26 November 2021.
A Dividend Reinvestment Plan (DRIP) has been available in respect of all dividends paid during the period. The last day for DRIP elections for the second interim dividend is close of business on 9 December 2021.
Other financial highlights include:
EPRA earnings up 56.5% to £180m
Gross rental income down 3.8% to £282m
Profit before tax for the period of £275m (2020: loss of £835m)
EPRA earnings per share up 56.8% to 24.3p
Dividend in the period of 15.5p per share (2020: 12.0p)
Combined Portfolio valued at £11.0bn, with a valuation surplus of £81m or 0.8%
EPRA Net Tangible Assets per share up 2.7% to 1,012p
Total business return of 3.7%
